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Sorghum harvest is underway near Delungra in northern NSW, with a farm-gate quote of $362/t last Friday. That is well above last year's low of $285/t.
The crop tested at 78 kg/hl, well above the 71 kg/hl first-grade minimum set by Grain Corp.
Solid quality and firm farm-gate prices suggest adequate Australian sorghum supply at a healthy price level, with no sharp move expected from this local report.
theland.com.auJamie BrownApr 27, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
